ARTICLE SYNOPSIS ...Profiting From Convergence by Ira G. Kawaller Here are three ways to capitalize on the property of convergence -- the fact that futures prices and spot prices will necessarily come together at the futures expiration. The same concept can be applied to many markets, including various other financial futures contracts, as well as assorted hard commodities. LIBOR (London interbank offered rate) futures contracts are recognized as Chicago Mercantile Exchange (CME) contracts that pertain to a $3 million one-month Eurodollar time deposit, and the Eurodollar futures contract refers to the contract w...